Innovative approach to origination, structuring and syndication drives expansion and opportunity.
(Courtesy of Cross River Back) Cross River Bank (Cross River), a New Jersey State chartered FDIC-insured bank and equal housing lender known for its diversified commercial real estate (CRE) lending program and deep market experience, today announced that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Spread across 65 loans nationwide, the deals ranged from $380,000 to $50 million, supporting real estate businesses of all sizes, as well as various asset types.
“With a forward-thinking strategy focused on leveraging technology, and structuring and syndicating solutions for our clients, our team has achieved incredible success surpassing $1 billion in financing,” said Shimon Eisikowicz, EVP and chief lending officer at Cross River. “We continue to transform bank lending with the strength of our diverse portfolio and commitment to credit integrity which is reflected in our enduring progress and client’s growth.”
This significant milestone builds on the CBG’s year-over-year growth. The financing speaks to the group’s strategic approach to portfolio diversity, supporting multiple asset classes including, multifamily, retail, commercial, mixed-use, office, warehouse, industrial, senior housing and skilled nursing facility, and construction.
By combining technology with banking expertise, solutions are tailored to empower businesses to succeed while emphasizing and maintaining strong credit quality. As evidenced by its notable success, the CBG’s continued upward momentum underscores the bank’s dedication to adapting to borrowers’ evolving needs via an innovative approach to technology, origination, syndication and structuring in commercial real estate transactions.
